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Showing 16 posts in Business Risk Management.

Failure to Understand Terms of Personal Guarantee Agreements Will Likely Cost You

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Ignorance of the terms in a personal guarantee agreement likely won’t save you from paying up under Michigan law. Continue Reading ›

Tags: Business Risk Management, Commercial Liability

Collateral Estoppel may Apply to Vacated Judgments Post-settlement

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Think your case is settled and over? Maybe not after this recent federal appeals court ruling involving the legal principle of collateral estoppel. Continue Reading ›

Tags: Business Risk Management, Business Torts, Commercial Liability

When is a Tort Claim Instead an Actionable Contract Claim?

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Steer clear of inconsistent contract, tort and equitable theories in litigation to position your case for a successful and cost-effective outcome. Continue Reading ›

Tags: Business Risk Management, Business Torts, Commercial Liability, Contracts

Avoiding the Bitter Pill of a Missing or Poorly-Crafted Operating Agreement

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Wise business owners and members invest up front in well-crafted operating agreements. Continue Reading ›

Tags: Business Risk Management, Commercial Liability, Contracts, Risk Management

Deadlines Matter, so Don’t Wait When Served With Summons and Complaint

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Litigation defaults difficult to set aside, easy to avoid with an attorney’s assistance. Continue Reading ›

Tags: Business Risk Management, Business Torts, Commercial Liability

Be Careful not to Waive Arbitration After Requesting it in Your Contracts

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Strategic advantage may be gained in contract disputes by deciding early whether to pursue arbitration. Continue Reading ›

Tags: Business Risk Management, Business Torts, Commercial Liability, Contracts

For Whom the Statute of Limitations Tolls... in Cases of Fraudulent Concealment

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Michigan law may extend the statute of limitations in cases of fraudulent concealment. Continue Reading ›

Tags: Business Risk Management, Commercial Liability, Statute of Limitations

A Fraudulent Inducement May Cause Your 'Ironclad' Contract to Rust

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Despite careful review, fraudulent inducements can jeopardize otherwise well-crafted contracts. Continue Reading ›

Tags: Business Risk Management, Commercial Liability, Contracts, Fraud Activity, Risk Management

True or False - When Amending a Contract, the Requirement of a Writing Doesn’t Always Require a Writing?

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When modifying a contract, best practice is to always detail changes in writing with appropriate approvals by all parties. Continue Reading ›

Tags: Business Risk Management, Commercial Liability, Contracts, Risk Management

The Hackers are Coming – 10 Preparedness Questions for Your Business

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Surviving a cyber attack requires preparedness from a legal, business and technology standpoint. Continue Reading ›

Tags: Business Risk Management, Commercial Liability, Cyber Attack
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